BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Stock Short Interest Drops 91.1%

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 37,895 shares, a decline of 91.1% from the October 15th total of 427,858 shares. Based on an average daily volume of 181,122 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Advisor Resource Council boosted its position in shares of BNY Mellon Core Bond ETF by 3.7% during the third quarter. Advisor Resource Council now owns 9,528 shares of the company’s stock worth $379,000 after buying an additional 338 shares during the period. M Holdings Securities Inc. lifted its stake in shares of BNY Mellon Core Bond ETF by 37.8% in the 3rd quarter. M Holdings Securities Inc. now owns 83,295 shares of the company’s stock valued at $3,385,000 after purchasing an additional 22,856 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in BNY Mellon Core Bond ETF in the third quarter worth $325,000. VestGen Advisors LLC increased its position in BNY Mellon Core Bond ETF by 20.8% during the third quarter. VestGen Advisors LLC now owns 47,219 shares of the company’s stock worth $1,892,000 after buying an additional 8,125 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in BNY Mellon Core Bond ETF during the third quarter valued at about $2,097,000.

BNY Mellon Core Bond ETF Price Performance

Shares of NYSEARCA:BKAG traded down $0.03 during midday trading on Wednesday, hitting $40.51. The stock had a trading volume of 160,148 shares, compared to its average volume of 340,294. BNY Mellon Core Bond ETF has a 12 month low of $39.67 and a 12 month high of $43.07. The business’s 50-day simple moving average is $40.49 and its 200-day simple moving average is $41.60.

BNY Mellon Core Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a dividend of $0.1518 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.5%. This is a decrease from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.2430. The ex-dividend date of this dividend was Monday, November 2nd.

BNY Mellon Core Bond ETF Company Profile

The BNY Mellon Core Bond ETF (BKAG) is an exchange-traded fund that is based on the Bloomberg US Aggregate Total Return index. The fund tracks a broad index of US investment-grade fixed income securities, including Treasurys, agencies, CMBS, ABS and corporates. BKAG was launched on Apr 24, 2020 and is managed by BNY Mellon.